Browsing: rubies
Strong vanadium demand draws Chinese investment for Mozambique mining project
New Energy Minerals (NEM) expects Chinese demand for reinforced steel to underpin its vanadium mining project at Cuala in Cabo Delgado, and has secured a $3.6 million investment from a Hong Kong investment group to push the development [...]
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Riversdale millionaire still trading Mozambique mines through tax havens
An Australian who made millions selling Mozambican coal mining prospects to Riversdale and then Rio Tinto, is selling a ruby mine concession in Cabo Delgado for $2 million - and is linked to an Australian listed company developing a graphite mine in the [...]
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Zitamar Daily Briefing, 3 August 2018
Welcome to Zitamar’s daily Mozambique briefing for 3 August, 2018.
Agenda
- Today
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Mozambique FDI continues downward trend into 2018
Foreign direct investment in Mozambique was down 38% in the first quarter of 2018 compared to Q1 2017, the Bank of Mozambique said yesterday, continuing a trend which saw FDI fall more than a quarter from 2016 to 2017.
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